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Technical Analysis Fallacy

  • #5,701
  • Aug 26, 2008 7:52pm Aug 26, 2008 7:52pm
Quoting notme32
Dear FTI

saya tau saya masih bodoh, dan kemalangan selalu datang karena kebodohan itu, maka saya ingin belajar lebih banyak dari suhu.....kalau anda tidak berkeberatan tentunya........

trimakasih,
let me help translate,

i know i am still stupid, and accident always happpen becos of the stupidity, therefore i want to learn more from 'suhu'? sifu?......of course,if you dont mind.



p/s i seldom post here because i dont have much thing to contribute. And because i only get into this thread few months ago, i still doesnt get all the hang of it.
  • #5,702
  • Aug 26, 2008 10:46pm Aug 26, 2008 10:46pm
Call me a pig, call me a swine, call me a bear, or a bull, but don't call me late for dinner. My account is growing and I just hope I don't choke on one of those pearls.
  • #5,703
  • Aug 27, 2008 3:24am Aug 27, 2008 3:24am
hello everyone.....heres a bit of fun to cheer up our little thread

I cdnuolt blveiee that I cluod aulaclty uesdnatnrd what I was rdanieg. The phaonmneal pweor of the hmuan mnid Aoccdrnig to rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in what oredr the ltteers in a word are, the olny iprmoatnt tihng is that the first and last ltteer be in the rghit pclae. The rset can be a taotl mses and you can still raed it wouthit a porbelm. This is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the word as a wlohe. Amzanig huh?

joy
  • #5,704
  • Aug 27, 2008 3:32am Aug 27, 2008 3:32am
Hi Joy,

the human brain is very powerfull organ.
It can be of great advantage to us.
Or sometimes it blockes up the view to the "pearls".

Hope fti will join in again.
Need him and his coaching.

Are you risking some dance today?

p.s.: I'm listening to AC/DC "Hells Bells" to get a little more agressive today
  • #5,705
  • Aug 27, 2008 3:43am Aug 27, 2008 3:43am
Quoting MaMood
Hi Joy,

the human brain is very powerfull organ.
It can be of great advantage to us.
Or sometimes it blockes up the view to the "pearls".

Hope fti will join in again.
Need him and his coaching.

Are you risking some dance today?

p.s.: I'm listening to AC/DC "Hells Bells" to get a little more agressive today
hi MaMood

glad you recognized the message...see I'm getting a bit cryptic just like our dear fti
not dancing at moment...mindset not in the right place, still upset about last night's happenings..
Maybe later tonight...I like ac/dc also have you seen them live

happy dancing everyone

joy
  • #5,706
  • Aug 27, 2008 3:57am Aug 27, 2008 3:57am
Hi joy,

haven't seen them live.
But they are part of my different sets of music for tuning/adjusting my trading mindset. Love them ...

Digging for gold back in this threads history. Reading the post roundabout #930: Zoran, Northpro and others are discussing to dance the market "bothways". Very enlightening ...

Don't think much about yesterday.
Trading takes place in the here and now!
Come on, risk some small steps ;-)

It's sometimes like my real dancing experiences in real life:
I never liked it very much. If a lady asked me for a dance, I was allways hesitating and haven't been very "amused". But after a few steps, I liked it very much ...
  • #5,707
  • Aug 27, 2008 10:47am Aug 27, 2008 10:47am
Folks, these are my latest considerations about this trading strategy.

Pro:
1. Attack and rescue - effective way for managing 5M trades.
2. High win rate - 95+ % if you are patient
3. Clear defined actions -

Con:
1. Huge screen time- you must always babysit trades
2. Intense - demand of full focused concentration for several hours
3. Psychologically draining - always in decision mode: Bear or bull?
4. Martingale-type risky - If wrong, gains are easily wipe out unless I suffer for hours during rescue mode
5. London open best time - Impact my sleep
6. Patience and speed - Both are simultaneouly needed
7. Requires to manage the News impact

Conclusion:
The psychological demands are beyond me a this time. Therefore I will move on to a higher time frame.

I appreciate all the teachings that I recieved from fti -his stories, songs and spankings- and many others that were so kind to extend their wisdom to a rookie. On Friday, I will be closing my journal that was dedicated to fti'strategy and start a new Forex journal.

Regards and good luck to all.
Empty as water and soft as a facing wind mountain
  • #5,708
  • Aug 27, 2008 12:45pm Aug 27, 2008 12:45pm
Quoting woopypooky
let me help translate,

i know i am still stupid, and accident always happpen becos of the stupidity, therefore i want to learn more from 'suhu'? sifu?......of course,if you dont mind.



p/s i seldom post here because i dont have much thing to contribute. And because i only get into this thread few months ago, i still doesnt get all the hang of it.

Hi!

what language is that?

thx
  • #5,709
  • Aug 27, 2008 4:49pm Aug 27, 2008 4:49pm
Wow!

Gold mine of information in here, and I'm only to page 93! Been reading for a few days almost non stop.

IMHO this thread is the best kept secret in forex. I have been trading with completely naked charts the last few hours and what can I say, I'm in love

I'll be joining in on the conversation as soon as I make it through the whole thing (whew, I feel exhausted but I just can't 'put this book down').

A big thanks to fti and leighsww, although saying thanks seems so insignificant compared to the information I have gotten so far.

Cya soon,
JJ
  • #5,710
  • Edited 8:13pm Aug 27, 2008 7:44pm | Edited 8:13pm
I don't know what has happened all of a sudden to this thread but I will cast my opinion about TAF.

1st I don't know about the rest of you but I have put a hole lot of time into the study of this thread.(I've actually compiled a 150 page book and am still editting)

2nd It's been very enlightening the things that have been discussed hear.(very eye opening)

3rd I'm not sure if I have any idea of whats been discussed but I have fun with the studies, and I now make money(not much but some)

4th The people on hear have been so helpful and willing to share.(not a common practice)

5th I think fti has put a lot of thought and effort into trying to change the way the laymen looks at forex trading(in my case he has and for the positive). I also feel he dosn't give himself enough credit for the good he has done, and needs to look at it in a more layed back way. People will either get it or they won't.

6th No 2 people see anything the same so we have to "GO WITH THE FLOW" and we can't controll what other people do.

7th For me this is a fun thing to do. I like the people(for the most part), the music, stories, And the emotional ups and downs. I do this because I like the study of economics, forein policies, charts and I guess forex in general. I have a different job that has nothing to do with forex(very far from).

So I could keep going on about this but the end result is this is better than watching TV or playing world of war craft. I make a bit of money, learn about the world and play forex like it's a strategy video game that makes me money.

So no good byes from me, no name calling and no hard feelings(I have bigger problems than worrying about people I don't know)

As I heard 1 polatition say "I'LL be back" when I have a new rant

P.S. when Fti started this thread he said he did'nt want to create cabon copies of himself(and by the sounds of his last couple of post he did'nt) ,but was to open peoples eyes to the real world of forex (and he has). So if his goal was to help people see the light I would have to say he was a great success
  • #5,711
  • Aug 27, 2008 7:48pm Aug 27, 2008 7:48pm
5000+ posts here....

is this a huge debate or somebody posting live calls or what? i'm suprised this thread won't die...
  • #5,712
  • Aug 27, 2008 7:51pm Aug 27, 2008 7:51pm
Quoting resistance
Hi!

what language is that?

thx
malay language, used in malaysia,singapore, brunei and indonesia.
  • #5,713
  • Aug 27, 2008 9:05pm Aug 27, 2008 9:05pm
Quoting luSan
Folks, these are my latest considerations about this trading strategy.

Pro:
1. Attack and rescue - effective way for managing 5M trades.
2. High win rate - 95+ % if you are patient
3. Clear defined actions -

Con:
1. Huge screen time- you must always babysit trades
2. Intense - demand of full focused concentration for several hours
3. Psychologically draining - always in decision mode: Bear or bull?
4. Martingale-type risky - If wrong, gains are easily wipe out unless I suffer for hours during rescue mode
5. London open best time - Impact my sleep
6. Patience and speed - Both are simultaneouly needed
7. Requires to manage the News impact

Conclusion:
The psychological demands are beyond me a this time. Therefore I will move on to a higher time frame.

I appreciate all the teachings that I recieved from fti -his stories, songs and spankings- and many others that were so kind to extend their wisdom to a rookie. On Friday, I will be closing my journal that was dedicated to fti'strategy and start a new Forex journal.

Regards and good luck to all.
It does not surprise me that that he person who finally pissed off the teacher, would come back with his final thoughts on why the teacher's teaching does not work for them. You really are clueless. No respect. I for one would be happier if you did not start a new journal. The thread is full of mindless newbies with big egos and small brains.
  • #5,714
  • Aug 27, 2008 9:26pm Aug 27, 2008 9:26pm
Hi all,

I would just like to add, that this thread has been a HUGE help to myself, and I believe to others. The information learnt has most definitely changed the I view the Forex market.

I would like to add my thanks to fti and to everyone who contributed.

It saddens me that it ended in such bitterness.

There is a saying "So to shall this pass", and I guess the time has come for this thread to end (how sad).

Again thank-you
To keep trading, even when it gets hard.
  • #5,715
  • Aug 27, 2008 9:31pm Aug 27, 2008 9:31pm
Quoting seeit
It does not surprise me that that he person who finally pissed off the teacher, would come back with his final thoughts on why the teacher's teaching does not work for them. You really are clueless. No respect. I for one would be happier if you did not start a new journal. The thread is full of mindless newbies with big egos and small brains.
Seeit,

thanks for your suggestion...I am sorry that you got also angry with me...

...but it does not look like you understand what I wrote...fti strategy DOES WORK for me....Should I say it again?...IT DOES WORK...Actually I will keep using it as my own leisure...it is very exhausting for me, but probably it is not for you...this has nothing to do with you but with me...

That fti got pissed off with me...That is also Ok...That is his right...I am out from here because I have nothing to contribute and I am just causing trouble for people...and I must focus on my own trading.

Again...just in case still people do not undertand me: fti strategy works and very well but watch out that 5%...

Regarding my Ego...yes I have one...Do you know the many times I was insulted here and I kept quite?...still I honor the teaching...Enough.

Best wishes
Empty as water and soft as a facing wind mountain
  • #5,716
  • Edited 11:49pm Aug 27, 2008 9:55pm | Edited 11:49pm
I don't really see why it has to end

I've been doing quite well with the 1,1,1 attack and 2,3,5 rescue(in several variations). But I've been looking for times when I might pursue a possible heavier attack.

I've been looking at the ATR(I don't have a TR that I know) for volatility (The Vega, which indicates the volatility factor in its trend and the time it consumes in it push.) and the 12sma for a guide of the hourly equalibruim.

What it looks like to me is as the price pulls away from the 12sma the ATR generally rises giving the sign that the volitility is increasing and the run may continue with possible strength.

I know not to be rigid in my assumptions and that there are other factors to consider but it is something that hasn't really been discussed

yes the MM evolves around the WW tables, but the true Range that I use is not the 14 ATR, but rather the TR of a leg of the trend move on the general speed (gradient) of the thrust.
  • #5,717
  • Aug 28, 2008 2:47am Aug 28, 2008 2:47am
Good morning @all!

Seems to be a very critical phase in the lifecycle of this thread.
Would be a shame, if it would die after all this very valueable stuff fti and others shared with us.

Somehow I have the feeling, we are indebted to fti.
Think we should try to evolve our abilities in dancing and trading fti's style.
May be that would be an adequate way to say "Thank you very much" to him.

Anyhow - I'll have an eye on this thread.
Maybe it can be "rescued"

Many Thanx to you all, friends.

There is only one thing to say:
"Battlestations ..."
  • #5,718
  • Aug 28, 2008 2:57am Aug 28, 2008 2:57am
Hi fti and all

I was so looking forward to catching up on the thread after my holiday and was most disappointed in what has taken place in my absence. fti, unfortunately teaching is a repetitive job, everything has to be hammered into the student. The same can be said of parenting. I must have told my children a thousand times to take their elbows off the table and yet they still do it. I know that one day it will be part of their intrinsic behaviour, just as your teachings will be part of ours. Unfortunately, you as our teacher will have to keep saying "don't be rigid" etc until the penny drops. I can understand if this task is too daunting for you, and will respect your decision to discontinue your lessons here with a heavy heart.

I still believe we can all learn from each other and will end this response with a poem.


If I should meet you on the dusty road of life
Do not despair for I am your teacher

If you should stumble while crossing my muddy path
Do not despair for you are my teacher

If we should cry alone and falter in hurricane winds
Do not despair for they are our teachers

If our souls should meet again with tattered and worn-out shoes
Do not despair for we have not learned

 regards
DutchAngel
Hope isn't a viable investment vehicle.
  • #5,719
  • Aug 28, 2008 3:11am Aug 28, 2008 3:11am
Quoting MaMood
Good morning @all!

Seems to be a very critical phase in the lifecycle of this thread.
Would be a shame, if it would die after all this very valueable stuff fti and others shared with us.

Somehow I have the feeling, we are indebted to fti.
Think we should try to evolve our abilities in dancing and trading fti's style.
May be that would be an adequate way to say "Thank you very much" to him.

Anyhow - I'll have an eye on this thread.
Maybe it can be "rescued"

Many Thanx to you all, friends.

There is only one thing to say:
"Battlestations ..."
Hi MaMood

I agree with your sentiments completely. We are indeed indebted to fti for all he has shared with us. This thread had a "family" feel to it, that is rare to find on forums, considering we are virtual strangers. I truly hope that the community fti has built will continue.
Hope isn't a viable investment vehicle.
  • #5,720
  • Aug 28, 2008 6:20am Aug 28, 2008 6:20am
Hello All!

I didn't write a lot in this thread, but always
I read it to learn how to correct my errors in trading.

I wanted to say that
I can only be agree with the posts of "musgrove", "DutchAngel" and "MaMood."

I don't know if this thread will continue or not,
but the only useful things that I know about Forex, I received it from FTI.
And for that reason I will always be grateful to him.

With regard to Lusan, in my humble opinion,
he was clear, he has a personal situation
at this time that doesn't allow him to use
FTI strategy. Nothing else.
Lusan has contributed a lot in this thread
for benefit of many people here. It is a similar case to Leighsww and others.

Best wishes to all and I hope this thread will not die.

Again, thank you FTI.

Textor
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